Coles Group Past Earnings Performance
We're still processing the latest earnings report of this company
Past criteria checks 3/6
Coles Group has been growing earnings at an average annual rate of 1.1%, while the Consumer Retailing industry saw earnings declining at 0.3% annually. Revenues have been growing at an average rate of 3.7% per year. Coles Group's return on equity is 26.1%, and it has net margins of 2.2%.
Key information
1.14%
Earnings growth rate
1.08%
EPS growth rate
| Consumer Retailing Industry Growth | 18.66% |
| Revenue growth rate | 3.71% |
| Return on equity | 26.11% |
| Net Margin | 2.25% |
| Last Earnings Update | 04 Jan 2026 |
Recent past performance updates
Recent updates
COL: Firm Margins And Leakage Controls Are Expected To Sustain Fair Value
Analysts have nudged their fair value estimate for Coles Group slightly higher from A$22.75 to A$22.94, citing healthy growth, solid margins and progress in limiting non food channel leakage as key factors supporting the higher price target. Analyst Commentary Recent research points to a slightly more constructive view on Coles Group, with bullish analysts highlighting resilient fundamentals while also flagging areas that still warrant caution for valuation and execution risk.COL: Firm Margins And Leakage Improvements Are Expected To Support Fair Value
Analysts have raised their price target on Coles Group to A$23, a modest uplift that is supported by views that growth remains relatively healthy, margins are solid and recent progress on non food channel leakage is encouraging. Analyst Commentary Recent research around the A$23 price target highlights a mix of confidence in Coles Group’s current setup and caution around execution risks and competition.COL: Firm Margins And Lower Leakage Are Expected To Sustain Fair Value
Analysts have lifted their price target for Coles Group to A$23, reflecting updated views that relatively healthy growth, firm margins and progress in reducing non food channel leakage support a somewhat higher valuation multiple and a slightly lower discount rate in current models. Analyst Commentary Bullish Takeaways Bullish analysts see the A$23 price target as supported by relatively healthy growth, which they view as sufficient to underpin the revised valuation rather than stretching it.COL: Margin Strength And Non Food Leakage Progress Will Support Future Upside
Analysts have trimmed their fair value estimate for Coles Group slightly, to about A$22.75 from A$22.85. This reflects updated assumptions for discount rates, revenue growth, profit margins and future P/E, while citing relatively healthy growth, solid margins and progress in non food channel leakage as key drivers for their latest price targets.COL: Margin Strength And Reduced Channel Leakage Will Support Future Upside
Analysts have trimmed their fair value estimate for Coles Group to A$22.85 from A$23.41. They link the change to a slightly higher discount rate, marginally softer revenue growth and profit margin assumptions, and only a small adjustment to future P/E expectations, even as recent research highlights relatively healthy growth, strong margins and progress in reducing non food channel leakage.
A high-quality defensive business with limited growth but strong cash generation.
Coles Group (ASX: COL): A high-quality defensive business with limited growth but strong cash generation Coles is one of Australia’s dominant supermarket operators, generating most of its revenue from food and everyday essentials, a segment where demand remains relatively stable regardless of economic conditions. This makes the company a classic defensive business, supported by scale, a nationwide store network and strong private-label penetration.Investor Optimism Abounds Coles Group Limited (ASX:COL) But Growth Is Lacking
Coles Group Limited's ( ASX:COL ) price-to-earnings (or "P/E") ratio of 26.1x might make it look like a sell right now...Returns On Capital At Coles Group (ASX:COL) Have Hit The Brakes
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...Coles Group Limited's (ASX:COL) Intrinsic Value Is Potentially 54% Above Its Share Price
Key Insights The projected fair value for Coles Group is AU$34.47 based on 2 Stage Free Cash Flow to Equity Coles...Does Coles Group (ASX:COL) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Coles Group Limited (ASX:COL) Investors Are Less Pessimistic Than Expected
When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 20x, you may consider...Coles Group (ASX:COL) Is Due To Pay A Dividend Of A$0.32
Coles Group Limited ( ASX:COL ) has announced that it will pay a dividend of A$0.32 per share on the 22nd of September...Digital Expansion And Cost Optimization Will Strengthen Future Operations
The upward revision in Coles Group’s fair value reflects improved consensus expectations for both revenue growth and net profit margin, resulting in the analyst price target rising from A$21.49 to A$23.32. Valuation Changes Summary of Valuation Changes for Coles Group The Consensus Analyst Price Target has risen from A$21.49 to A$23.32.A Look At The Fair Value Of Coles Group Limited (ASX:COL)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Coles Group fair value estimate is AU$23.82 Current share...
Coles (ASX: COL): Safe, Steady, and Surprisingly Cheap
The supermarket chain Coles is the kind of “boring” business that may have been overlooked as an investment opportunity. Although it was divested from Wesfarmers in 2018, Coles’ heritage traces back tColes Group (ASX:COL) Shareholders Will Want The ROCE Trajectory To Continue
ASX:COL 1 Year Share Price vs Fair Value Explore Coles Group's Fair Values from the Community and select yours To find...These 4 Measures Indicate That Coles Group (ASX:COL) Is Using Debt Reasonably Well
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Future Supply Chain Efficiency Will Improve Due To ADCs And CFCs Investments
Investments in digital assets and initiatives in distribution centers are expected to enhance e-commerce and supply chain efficiency, boosting revenue and reducing costs.Revenue & Expenses Breakdown
How Coles Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 04 Jan 26 | 45,075 | 1,014 | 8,761 | 0 |
| 04 Oct 25 | 44,781 | 1,047 | 8,538 | 0 |
| 29 Jun 25 | 44,487 | 1,079 | 8,315 | 0 |
| 29 Mar 25 | 44,502 | 1,095 | 8,214 | 0 |
| 05 Jan 25 | 44,516 | 1,110 | 8,205 | 0 |
| 05 Oct 24 | 44,100 | 1,119 | 8,067 | 0 |
| 30 Jun 24 | 43,684 | 1,128 | 7,929 | 0 |
| 31 Dec 23 | 41,993 | 1,020 | 7,680 | 0 |
| 30 Sep 23 | 41,292 | 1,031 | 7,539 | 0 |
| 25 Jun 23 | 40,591 | 1,042 | 7,398 | 0 |
| 01 Jan 23 | 39,143 | 1,108 | 7,068 | 0 |
| 01 Oct 22 | 38,742 | 1,077 | 6,946 | 0 |
| 26 Jun 22 | 38,341 | 1,045 | 6,823 | 0 |
| 26 Mar 22 | 38,738 | 1,025 | 6,829 | 0 |
| 02 Jan 22 | 38,444 | 998 | 6,705 | 0 |
| 02 Oct 21 | 38,700 | 1,002 | 6,794 | 0 |
| 27 Jun 21 | 38,955 | 1,005 | 6,882 | 0 |
| 27 Mar 21 | 39,137 | 1,027 | 6,962 | 0 |
| 03 Jan 21 | 39,319 | 1,049 | 7,042 | 0 |
| 03 Oct 20 | 38,552 | 1,014 | 6,862 | 0 |
| 28 Jun 20 | 37,784 | 978 | 6,682 | 0 |
| 28 Mar 20 | 37,551 | 1,082 | 7,364 | 0 |
| 05 Jan 20 | 37,317 | 1,186 | 8,045 | 0 |
| 05 Oct 19 | 37,891 | 1,132 | 8,017 | 0 |
| 30 Jun 19 | 38,464 | 1,078 | 7,989 | 0 |
| 31 Mar 19 | 38,924 | 971 | 7,932 | 0 |
| 30 Dec 18 | 39,384 | 864 | 7,876 | 0 |
| 30 Sep 18 | 39,265 | 944 | 7,804 | 0 |
| 30 Jun 18 | 39,145 | 1,023 | 7,732 | 0 |
Quality Earnings: COL has high quality earnings.
Growing Profit Margin: COL's current net profit margins (2.2%) are lower than last year (2.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: COL's earnings have grown by 1.1% per year over the past 5 years.
Accelerating Growth: COL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: COL had negative earnings growth (-8.7%) over the past year, making it difficult to compare to the Consumer Retailing industry average (-1.7%).
Return on Equity
High ROE: COL's Return on Equity (26.1%) is considered high.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/12 15:19 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/01/04 |
| Annual Earnings | 2025/06/29 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Coles Group Limited is covered by 20 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Thomas Kierath | Barrenjoey Markets Pty Limited |
| Jonathan Snape | Bell Potter |
| David Errington | BofA Global Research |